BankniftyFuture last close: 34825.85 (+0.4%)
On Monday, BNF was opened 34820 and went to 34987 again slipped to 34678.
Finally BNF was ended at 34825.85
BNF consolidated around 34700-34850 in whole day but did not sustained higher levels
Hdfcbank, Icicibank, and Kotakbank did not well
Axisbank was seen marginally higher
Volatility index was sustained 12.50-13
Above chart yesterday’s closing open interest data
As per OI, 35000CE was seen highest OI and followed by 34800CE
PE side there is no significant OI which is indicated short sellers dominated CE only
Let’s see technical levels
BNF is facing a intraday resistance 34880, 34950 and 35050 thereafter 35200
Above third and fourth resistance are crucial for today’s trade
If comes resistance zone can sell CE and buy PE until 35200
BNF can be considered as supports as 34750, 34650 and 34500
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Updated: 08.16 am / 03rd Aug 2021